4th Dec 2018 12:58
LONDON (Alliance News) - Oxford Metrics PLC said Tuesday that its annual profit rose by 25% on the prior year, as it proposed an increase to its annual dividend.
For the year to September 30, the software company posted pretax profit of GBP4.6 million, compared to GBP3.7 million a year ago.
Meanwhile, revenue increased 8.6% year-on-year to GBP31.7 million from GBP29.2 million.
Chief Executive Officer Nick Bolton said: "We have made strong operational and financial progress during the year and remain firmly on track with our five-year plan. Following a period of investment, we have grown profits significantly and driven double digit revenue growth on a constant currency basis in line with market expectations."
The firm upped its interim dividend by 25% to 1.5 pence per shares from 1.2p a year ago. It also proposed a special dividend of 1.0p per share in respect of the year.
Looking ahead, the company said it remains "firmly on track" to meet its targets. It also does not anticipate any negative impact from the effect of Brexit on its business.
"Our continued strategic investment will support our organic growth initiatives, but we will also continue to explore acquisition opportunities which can accelerate our strategies within our chosen markets," it added.
Oxford Metrics shares were trading up 3.0% at 71.59 pence.
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